they waived $843 on mineLTLFTcomposite wrote:Looks like there won't be a pullahead deal this fall. Of course a dealer can get me out of my current overpriced lease early but because the market value of the car is less than the residual all they would be doing is rolling the negative into the next lease or purchase.
I did confirm a couple of interesting things though talking to NMAC. if I purchase or lease another Nissan or infinity they will waive the termination fee and also allow me up to $500 of excess wear. We've kept the car in pristine condition but the tires are getting a little thin and that might be an issue so I'm hoping that $500 waiver would cover that.
But here's the interesting part: you don't need to buy or lease the new car at exactly the time you turn in the old one. You have about 60 days to buy or lease the new vehicle and still get those waivers credits. So we might try to limp along with one car for a few weeks until the North American Auto Show announcement where we see what the 2016 looks like, then decide where to go from there. Even though availability would still be several months away it would still be nice to make an informed decision.
From what I've heard NMAC won't do this. My theory is they don't care about the negative; they are part of Nissan and they want to move more cars. Having you buy your existing car at or below the residual is counterproductive, they and the dealer will make money on the next guy with your turnback as a CPO. It's another opportunity to collect a dealer fee, sell extended warranties, make money on financing, and other miscellaneous dealer tactics. ($399 nitrogen fill anyone?)kmp647 wrote:Has anyone near the end of their lease been contacted by NMAC and offered a deal to purchase their Leaf at a price below the residual?
it would seem like a good idea for NMAC if they know the car will bring a loss at auction.
has anyone asked?